Mark Lennihan, AP
Though people ages 18 to 35 want to own a home, 69 percent say the housing bust has helped them know more about buying a home than their parents did at their age, according to MarketWatch, citing a study by Better Homes and Gardens Real Estate.
“They’re not going to end up getting into a situation that they’ve seen where they can’t keep the house” because they can no longer afford it, Matt Rand, managing partner of Better Homes and Gardens Rand Realty, told Marketwatch.
Those surveyed are optimistic about eventually owning a home. Forty percent would work at a second job and 23 percent say they would live with their parents in order to save up for a home.
Sixty-nine percent of people ages 18 to 35 won’t buy a home until they have enough money saved up to keep the purchase from impacting their form of living.
Seventy-five percent of the 1,001 people surveyed see homeownership as a crucial indicator of success.
- FCC approves 'net neutrality' rules for...
- The few, the proudly employed, the coding...
- LDS author analyzes benefits of inexperience...
- Want to land your dream job? 4 must-do things
- Monarchs say Fairpark deal is dead, team...
- Taylor Cotterell: Time for a job change?...
- Defying GOP, Obama vetoes Keystone XL...
- Salt Lake City to begin economic action plan...
- Defying GOP, Obama vetoes Keystone XL... 51
- FCC approves 'net neutrality' rules for... 24
- The few, the proudly employed, the... 7
- Disney hikes ticket prices at US theme... 2
- About 2,000 rally against right-to-work... 2
- Death toll from General Motors ignition... 1
- Steady US home price gain reflects low... 1
- US Sen. Rubio: Education must get... 1